Helix Points. A new gem for airdrop farming?

Author of the article: L1S

If u follow crypto, then you probably already know about farming points. Many projects create systems that allow users to earn points for activity and then exchange them for something of value - sometimes ending up in airdrops.

In this article, I will try to explain to you what Helix points are, how to farm them properly, why they are needed, and I will also share my thoughts and expectations.

Lets go!

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Structure of the article

1. What is Helix?

2. What are Helix Points?

3. What are Helix points for?

4. How to farm Helix Points?

5. My take

6. Useful links

What is Helix?

If you have not heard of Helix yet, let's start from the very beginning. Helix is a decentralized trading platform built on top of Injective.

The main goal of this DeFi protocol is to give users an easy and inexpensive way of trading cryptocurrencies and derivatives without intermediaries.

Active development is going on for Helix, which has already raised its popularity due to low commissions, high speed, and a user-friendly interface.

https://helixapp.com/

Now, let's break down what really makes Helix unique:

Decentralization

Helix is powered by Injective, which makes it a fully decentralized platform. This means all transactions between users are direct, and in no case does any third party or intermediary like a centralized exchange intervene. This significantly improves security and reduces the chance of censorship.

Low commissions

Helix offers commissions that are virtually zero. This will particularly be very appealing to those traders who are active in executing numerous trades throughout a single day.

Multi-asset support

Helix allows trading of multiple pairs, including major tokens like $INJ, $ETH, $USDT, and others. This gives users with different interests an easy time.

Innovative functions

Helix is accompanied by features such as PnL Analysis, which allows users to analyze their profits and losses, and Trading Bots, which enables trading automation.

Intuitive interface

Even if you are new to cryptocurrencies, Helix has an interface designed to make it easy for you to understand and start trading.

And now, with the introduction of Helix Points, the platform becomes even more interesting.

What are Helix Points?

Now that we've clarified what Helix is, let's talk about Helix Points. It's a new rewards system where, by being active on the platform, you're able to earn points. These can be used in participating in special programs and contests… maybe even getting a hold of future drops.

What are Helix points for?

https://x.com/HelixApp_/status/1866891304224936284

Helix Points are the way to reward active users of the platform. If you trade regularly, attract new members, or simply participate in the community, you will be awarded points, which will later be exchanged for something valuable.

Such systems are used by many projects nowadays. They make users more active, and those who collect enough points receive tokens, special roles in the community, or some other perks. Helix Points are no exception—many in the community believe these points are worth hunting for because they can be converted into drops in the future.

Why is point farming becoming a trend?

If you've been following the crypto scene, you'd be no stranger to knowing that many projects have already made use of such reward systems. Here are just a few examples:

• Optimism and Arbitrum: The former two dropped their tokens on actively using, transacting, and engaging users on the protocol.

• LayerZero: Similarly, this project rewarded its users for activity and engagement with the protocol.

Here is a simple idea: points offer the possibility to incentivize users to be active on the platform, and then those same users become a loyal community of the project. Helix does almost the same thing, giving users the opportunity to earn points that can be converted into tokens or other kinds of rewards in the future.

How to farm Helix Points?

Now, onto the fun part: how do you actually earn Helix Points? Let's break it down step by step.

• Connecting your wallet.

First, you need to connect your wallet to the Helix platform. Here are the supported wallets:

Keplr MetaMask Leap Cosmostation If you don't have a wallet yet, I recommend setting up a Keplr because it's perfect for working with Injective and Helix.

• Where to Trade.

To begin earning Helix Points, you have to trade on the Helix platform. Here's how:

1. Go to the official Helix website

2. Connect your wallet.

3. Choose a pair to trade.
   The most popular pairs are INJ/USDT, ETH/USDT, BTC/USDT.

4. Begin trading! The more you trade, the more points you get.

What can I use Helix Points for?

For now, Helix Points are a system of user motivation.

But we might expect that Helix Points will be the ground for future drops.

My take: is it worth it to farm Helix Points?

Now, let me explain. I feel that it is well worth farming Helix Points, especially if you're already trading on the platform.

1. Possible Drop:

If you look at the other projects, users with a lot of points accumulated get quite generous drops moving forward. The more points you have, the higher your chances are.

2. Low threshold

Getting started with farming Helix Points is as easy as it gets. You do not have to be an expert in trading; you just get started, and you are in it.

3. Transparency of the system

Helix Points are awarded for the real actions performed, and you can always see how many points you have earned.

But how many do I need to earn?

At the moment, Helix hasn't announced how many points you need for drops, but from other projects' experiences, I would recommend striving to get as many points as possible. The more you contribute, the more chance there is to grow your rewards.

Helix Points is a new feature that makes the Helix platform even more exciting and profitable for users.

Whether one trades or wants to trade, the Points rewarding system gives good opportunities for extra bonuses from the very activity.

If you want to make the most of this chance, get started right now: connect your wallet, start trading, and stay tuned to the Helix community for updates.

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Website Helix

Website Injectvie: https://injective.com

Discord: https://discord.gg/injective

Twitter: https://twitter.com/Injective